Armstrong Watson has helped countless law firms incorporate their practices. We will help you decide if incorporating is the right decision for you, and if you decide to proceed, we'll manage the process from end-to-end, ensuring a smooth and seamless transition.
We will agree fixed fees for each stage of the process in advance and our costs are a fraction of the large tax savings made through incorporation as outlined in the process below.
A managed service to convert law firms to Limited Companies.
Sole practitioners, partnerships or LLPs of all sizes in all locations.
Attend two hour assessment meeting, two hour planning meeting, one hour shareholders' agreement meeting. Provide regular updates to Partners. Action points from the planning meeting.
Incorporation of your law firm (see the detailed process above).
£1,095 plus VAT and disbursements for the initial assessment meeting. £1,450 plus VAT and disbursements for the planning meeting and provision of the incorporation checklist. The above are the fixed fee payable in advance cost options. Additional fees to be agreed in advance following the planning meeting. All services will be provided remotely via video conferencing, however, options are available for face to face if required.
Six months
Armstrong Watson has helped, or is helping, nine law firms to incorporate their practices within a twelve month period.
The goodwill in one of those was valued at £300,000 for a two partner practice, initially saving £45,000 in tax between the two partners. Ongoing annual tax savings are expected to amount to £15,000 per partner.
